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Income Tax Appellate Tribunal, KOLKATA BENCH “C” KOLKATA
Before: Shri S.S.Godara & Shri, M. Balaganesh
O R D E R
PER S.S.Godara, Judicial Member:
- This Revenue’s appeal and assessee’s cross objection for assessment year 2010-11 arise from Commissioner of Income Tax (Appeals)-13 Kolkata’s order dated 20.04.2018, passed in case No.183/CIT(A)-13/W-45(2)/Kol/2015- 16, in proceedings u/s. 147 of the Income Tax Act, 1961; in short ‘the Act’.
We notice at the outset that the Revenue’s grounds are very much clear in its grounds that net tax effect involved in the instant appeal is only ₹11.24 lac. The same is therefore found to be less than ₹ 20 lac as prescribed in the CBDT’s latest Circular No. 3/2018 dated 11.07.2018. We dismiss the Revenue’s instant appeal for low tax effect therefore.